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The sky is falling! Holy crap guys try zooming out the chart for once in awhile...nothing is happening.

If you had been paying attention I have been calling this every step of the way. :) This pullback if you can call it that is nothing...definitely not tanking lol...maybe get off the 5min chart. Anyway, still going to 74k unless it breaks the .50 fib.

It looks the the 10,000 Jun14 40 strike call options have been closed. At least I can't find them. At the time of purchase the position was worth $6,730,000...currently worth $1,640,000. I'm thinking this was a hedge for some massive shorts?

On my phone but it looks like zig zag just let's you do zig zag lines with prices...kind of like when you put a big racing stripe on a car. :)

In fib levels

I would just use tradingview. The charting software is far superior and free. They even have a bunch of EW options. I would be looking for this to continue to 3 (fib level .618 @ $3.25), and then pull back to 4 (fib level.382 @ $1.93). If it drops below .50 fib on the retrace to 4 then I...

What gods lol...nothing Elite about the traders here when it comes to TA. A wealth of options knowledge but that ain't going to make you any big money if you can't get direction and timing right.

Or to simplify for you guys :)

Oh sure wildchild quotes some Shakespeare (and not even good Shakespeare) & Sun Tzu inferring the same thing I've been saying about the market being determined, and he gets all the praise??? wth :)

So who are we trading against? The whole meme stock movement is about how price is manipulated and the whole David versus Goliath story line, but are funds so myopic that they keep shorting into a stock that pummeled them 3 years ago apparently due to a short squeeze that was only possible...

Did you not notice all the empty space in that triangle? That's called the future :) I'm got assigned 300 shares at $33.50 and will unload at 40...or maybe I'll load up more if it dips. I don't sell calls on GME because last week had I done so I would have made $1600 instead of $16k. :)

Lol what? I nailed it with simple RSI divergence! You guys are over complicating things with your dubious methods like support and resistance, order blocks and mitigation, atr and standard deviations, higher high lower lows, double tops/bottoms, volume blah blah etc...You would probably do...

That would be so inaccurate lol. Price is dynamic not rigid, so your TA better be as well. :) The difference with EW'ers is we are always ahead of price action. Theres a saying when flying that you have to be at least15 minutes ahead of the plane. Flight plans also always have alternate routes. :)

This is how my (Wavebasis) software labelled the waves. Here it is with the single ABC correction labelled. I have labelled my (A) at the wave basis (C) It doesn't really matter. There are abc's (or wxy's) in a lower degree (time frame) between abc's on a higher time frame. EWF usually...

https://www.gartner.com/smarterwithgartner/are-bots-listening-in-on-your-earnings-calls

Totally different scenarios. AMC was a MEME stock until CEO started enriching himself, so it fell out of favour...same with bbby although it was never going to survive. GME is doing another offering, but if it goes into the company then it will remain in favour. All stocks are based on...

Didn't even realize that...rinse and repeat with a −442.6% debt to equity! https://www.thestreet.com/memestocks/other-memes/bed-bath-beyond-amc-and-gamestop-whats-up-with-these-meme-stocks-

Let's end it -------->Let's send it :)

AMC Adam Aron "I have a fiduciary obligation to do what I can to prevent [shareholders and employees] from getting hurt." "AMC Entertainment Holdings Inc., the struggling movie theater chain, awarded Chief Executive Officer Adam Aron compensation of $25.4 million last year, an increase of...

I have it as a 3 wave because if a 5 wave it would be longer than the 3 which isn't invalid but not common. I think three doesn't have to be the longest but can't be the shortest. It really doesn't matter though for charting a correction because it's either a 5 ABC like you said, where C would...